PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
NONS Descending Triangle breakout
Noon Sugar Mills Limited · 26 Oct 2026 · 10:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 84.35 on the breakout. Target 95.77, invalidation 81.10.
Trade plan
● Active- Close
- 84.35
- ▲ 4.01%
- Target
- 95.77
- +13.5%
- Invalidation
- 81.10
- -3.9%
RiskReward
- Reward : risk
- 3.5 : 1
- ATR
- 0.97
- Price now
- 86.00 +2.0%
Outcome measured on the 30 min bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 30 Min candles · click to enlarge
The breakdown
NONS broke above its descending triangle on the 30-minute close at 84.35.
Projected target 95.77 (+13.5%). The pattern is invalidated beyond 81.10 (-3.9%), a reward-to-risk of about 3.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 125.99). Nearest demand OB 81.10 - 82.01, supply OB 92.49 - 94.78.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 84.35.
- 2 The target, 95.77 (+13.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 81.10 (-3.9%), cancels the setup.
- 4 Reward : risk is 3.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the descending triangle
A descending triangle is a falling upper trendline meeting flat support; a close below support usually continues the fall, a close above the trendline signals a reversal.
- Confirmation
- A candle close outside the triangle.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break (a fake-out).